REVOCATION OF LICENCE - LOYAL BANK LIMITED
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Not that I know of, the last update was a form that the liquidators posted on the bank website. The form is to be filled out and submitted by creditors and depositors
However, it doesn't mean anything about the time frame and/or how long it will take and how much of our funds we will eventually get.
It doesn't look good as they (LBL) have lawsuits pending in the U.S. and till this will get resolved the liquidators won't move to address our claims.
There must be some legal action that we can take as whole group against them
However, it doesn't mean anything about the time frame and/or how long it will take and how much of our funds we will eventually get.
It doesn't look good as they (LBL) have lawsuits pending in the U.S. and till this will get resolved the liquidators won't move to address our claims.
There must be some legal action that we can take as whole group against them
The only positive thing about this is that Deloitte is acting as a liquidator, so I am secretly hoping we will manage to get our blocked funds. No news so far, this could take a few ... years 🙁
I have just read this paper.
What a bunch of twats that bank was ... terrible.
Website offline: https://www.loyalbank.com/
The domain has expired and has not been renewed.
https://www.whois.com/whois/loyalbank.com
The domain has expired and has not been renewed.
https://www.whois.com/whois/loyalbank.com
Thank you for your sustained forbearance. Please note that the liquidation of Loyal Bank is ongoing and the Joint Liquidators of Loyal Bank Limited are committed to keeping all creditors/ customers abreast of the liquidation progress via periodic detailed status updates.
Another status update is expected to be uploaded to the Company's website at: www.loyalbank.com in the coming weeks. You may also refer to the last liquidation Status Update to all Creditors/Depositors dated 4 June 2020 to apprise yourself of the ongoing liquidation. Note that in due course all depositors/creditors will be contacted with regards to their account balances.
Presently the website is down and we are working hard to get it functional shortly. It may be accessible to the people in the next 48 hours. Your continued patience is appreciated as the liquidation progresses.
Kind regards,
Liquidation Administrator
Another status update is expected to be uploaded to the Company's website at: www.loyalbank.com in the coming weeks. You may also refer to the last liquidation Status Update to all Creditors/Depositors dated 4 June 2020 to apprise yourself of the ongoing liquidation. Note that in due course all depositors/creditors will be contacted with regards to their account balances.
Presently the website is down and we are working hard to get it functional shortly. It may be accessible to the people in the next 48 hours. Your continued patience is appreciated as the liquidation progresses.
Kind regards,
Liquidation Administrator
I just thought it was something we could grap, but it is already renewed. You should not have posted it here 🙂
That said, does some know if they are in business again or plan to get online soon?
After the US Federal government ends your bank you be lucky if you could open a lemonade stand.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
New update on November 26th.
https://www2.deloitte.com/content/d...oyalBank-Depositors_Update-26November2020.pdf
List documents:
https://www2.deloitte.com/bb/en/pages/about-deloitte/solutions/LoyalBank-liquidation.html
https://www2.deloitte.com/content/d...oyalBank-Depositors_Update-26November2020.pdf
List documents:
https://www2.deloitte.com/bb/en/pages/about-deloitte/solutions/LoyalBank-liquidation.html
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